Some Recent Euphoric Comments About Portugal

Do you see what happens Larry when you cover up reality beneath trillions in excess liquidity and do nothing to fix the underlying problems?

May 30:

  • PORTUGAL’S BANKS MORE CAPITALIZED, MORE TRANSPARENT NOW: COSTA

May 18:

  • PORTUGAL HAS SUCCESSFULLY EXITED EFSF PROGRAM, REGLING SAYS
  • “FISCAL MEASURES AND STRUCTURAL ADJUSTMENT HAVE ENABLED PORTUGAL TO IMPROVE COMPETITIVENESS” REGLING SAYS

May 14:

  • PORTUGAL WILL EXIT ITS AID PROGRAM, MERKEL SAYS

May 9:

  • PORTUGAL RAISES TO Ba2 BY MOODY’S, MAY BE RAISED FURTHER
  • PORTUGAL OUTLOOK REVISED TO STABLE AT S&P

May 4

  • IMF’S LAGARDE: PORTUGAL IN `STRONG POSITION’ TO DEEPEN REFORMS
  • PORTUGAL BAILOUT EXIT IS IMPRESSIVE, GERMANY’S SCHAEUBLE SAYS

April 23:

  • PORTUGAL IS NOW ABLE TO FINANCE ITSELF IN THE MARKET: COELHO

April 14:

  • PORTUGAL TO OUTPERFORM ITALIAN BONDS ON MACRO OUTLOOK, MS SAYS

April 11:

  • BARROSO SAYS FOREIGN INVESTOR CONFIDENCE IN PORTUGAL INCREASING




via Zero Hedge http://ift.tt/1xYBz6f Tyler Durden

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